Company
LON:VAST
Vast Resources plc is an AIM-quoted mining and exploration company dedicated to the discovery, development, and production of precious and base metals. The company has a long-standing presence on the ground in both Romania and in Zimbabwe.
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Vast announced its decision last month not to buy the mine from Botswana Diamonds but said today the parties continue working together to ensure a mutually beneficial outcome
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Vast has significant exposure to base metals and diamonds, in Romania and Zimbabwe respectively
Vast has significant base metals assets in Romania
The company has responded to weekend media reports in Zimbabwe.
Hall will focus on the company’s strategic business initiatives among other things
It plans to release its next quarterly production and sales volume figures in January 2022
"The answers to these questions are intended to provide further clarity over and above the information issued in the recent annual report and announcement of 25 October 2021 regarding the company update"
The AIM-listed miner placed 54 million shares at a price of 2.5p each
The AIM-listed mining company stressed that the fundamentals of the mechanised mine plan remain in place and that the ramp up of mining and production continues to advance
The broker has calculated a net present value of £78.4mln or 33p per share for both Baita Plai and Manaila production
"It is our preference to secure the required funding via non-equity linked sources"
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Ghaghoo, the first underground diamond mine in Botswana, has been on care and maintenance since March 2017
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BlueRock Diamonds (LON:BRD) 42.5p, Mkt cap £6m – Large 21.56ct diamond of exceptional quality discovered at Kareevlei Diamond Mine BlueRock have recovered a large 21.56ct diamond of exceptional quality at their operations in South Africa Th
Vast Resources also raised £1.76mln through a placing and a subscription and provided an update on its Baita Plai polymetallic mine
Wardell Armstrong will work to verify the project's increased JORC resource which is being targeted by an upcoming exploration drilling campaign
The company said negotiations have concluded without interruption to the processing plant and minimal disruption of underground mining activities at its Baita Plai mine in Romania
Vast has a significant portfolio of assets spread across Romania and Zimbabwe
Vast has a diverse portfolio of projects across Romania, and also in Zimbabwe
Vast Resources has an attractive portfolio of assets in Romania and Zimbabwe
Vast Resources has producing base metals assets in Romania, and diamond development assets in Zimbabwe
